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CFPB Takes Action Against BloomTech, Inc. for ISAs that Violate TILA, UDAAP, and the FTC's Holder Rule | Ballard Spahr LLP - Vimarsana News

CFPB Takes Action Against BloomTech, Inc. for ISAs that Violate TILA, UDAAP, and the FTC's Holder Rule | Ballard Spahr LLP

On April 17th, the CFPB issued a consent order to a for-profit training school alleging numerous violations of law related to its use if income share agreements (“ISAs”). According to...

CFPB: For-Profit School Misrepresented ISAs, Made False Claims About Grads' Employment Rates | McGuireWoods LLP - Vimarsana News

CFPB: For-Profit School Misrepresented ISAs, Made False Claims About Grads' Employment Rates | McGuireWoods LLP

On April 17, 2024, the Consumer Financial Protection Bureau entered an order against BloomTech Inc., which does business as the Bloom Institute of Technology, and its CEO, Austen...